For Wire Transmission 10:00 a.m. ET December 9, 2003 CB03-190
MONTHLY WHOLESALE TRADE: SALES AND INVENTORIES
OCTOBER 2003
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Intention to Revise Wholesale Estimates: Monthly wholesale sales, inventories, and inventories/sales ratios will be revised based on the results of the 2002 Annual Trade Survey. Revised unadjusted and corresponding adjusted data are scheduled for release on March 3, 2004. |
Sales
October 2003 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $246.8 billion, up 2.0 percent (+/-0.6%) from the revised September level and were up 6.6 percent (+/-1.0%) from the October 2002 level. The September preliminary estimate was revised upward $1.3 billion or 0.5 percent. October sales of durable goods increased 1.8 percent (+/-0.9%) from last month and were up 6.3 percent (+/-1.3%) from a year ago. Compared to last month, sales of electrical goods increased 4.8 percent and sales of computer and computer peripheral equipment and software were up 2.4 percent. October sales of nondurable goods increased 2.2 percent (+/-0.8%) from last month and were up 6.8 percent (+/-1.6%) from last year. Compared to last month, sales of farm product raw materials were up 14.5 percent and sales of beer, wine, and distilled alcoholic beverages increased 4.6 percent.Inventories
Total inventories of merchant wholesalers, after adjustment for seasonal variations but not for price changes, were $291.2 billion at the end of October, up 0.5 percent (+/-0.4%) from last month and were up 1.9 percent (+/-1.3%) from a year ago. The September preliminary estimate was revised downward $0.1 billion. End-of-month inventories of durable goods increased 0.4 percent (+/-0.4%) from September and were up 0.4 percent (+/-0.8%) from last October. Inventories of motor vehicle and motor vehicle parts and supplies increased 2.7 percent from last month and inventories of lumber and other construction materials increased 1.6 percent. End-of-month inventories of nondurable goods increased 0.8 percent (+/-0.6%) from September and were up 4.1 percent (+/-2.6%) compared to last October. Inventories of farm product raw materials increased 16.4 percent from last month, while apparel, piece goods, and notions decreased 2.3 percent.Inventories/Sales Ratio
The October inventories/sales ratio for merchant wholesalers, based on seasonally adjusted data, was 1.18. The October 2002 ratio was 1.23.
TABLE 1A. ADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 2003 AND 2002 (Total sales and inventory estimates are shown in millions of dollars. Estimates are based on data from the Monthly Wholesale Trade Survey, Annual Wholesale Trade Survey, and administrative records. Except for NAICS code 4225, estimates have been adjusted using results of the most recent economic census.) 2003 2003 2002 NAICS Kind of business Oct(p) Sep(r) Oct(r) code Sales, Total....................................... 246835 242007 231615 421 Durable Goods....................................... 117700 115667 110707 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 18254 18165 17452 4212 Furniture and Home Furnishings......................... 3770 3774 3488 4213 Lumber & Other Construction Materials.................. 8295 8145 6605 4214 Professional and Commercial Equipment and Supplies..... 20971 20771 20727 42143 Computer & Computer Peripheral Equipment and Software. 9437 9212 9676 4215 Metals and Minerals, ex. Petroleum..................... 7480 7441 7603 4216 Electrical Goods....................................... 18975 18111 17135 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 5587 5619 5377 4218 Machinery, Equipment and Supplies...................... 19756 19773 18462 4219 Miscellaneous Durable Goods............................ 14612 13868 13858 422 Nondurable Goods..................................... 129135 126340 120908 4221 Paper and Paper Products............................... 6265 6140 6162 4222 Drugs and Druggists' Sundries.......................... 22858 22298 19650 4223 Apparel, Piece Goods, and Notions...................... 7025 7090 7170 4224 Groceries and Related Products......................... 35932 36108 34966 4225 Farm Product Raw Materials............................. 12055 10532 10025 4226 Chemicals and Allied Products.......................... 5365 5356 5186 4227 Petroleum and Petroleum Products....................... 18682 18417 17472 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7487 7158 6720 4229 Miscellaneous Nondurable Goods......................... 13466 13241 13557 Inventories, Total.................................. 291201 289691 285890 421 Durable Goods....................................... 173435 172805 172806 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25254 24600 24760 4212 Furniture and Home Furnishings......................... 5443 5402 5151 4213 Lumber & Other Construction Materials.................. 7415 7298 7122 4214 Professional and Commercial Equipment and Supplies..... 24210 24239 23361 42143 Computer & Computer Peripheral Equipment and Software. 7528 7444 7597 4215 Metals and Minerals, ex. Petroleum..................... 13135 13127 13443 4216 Electrical Goods....................................... 22639 22850 23763 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10381 10316 10135 4218 Machinery, Equipment and Supplies...................... 44359 44529 45407 4219 Miscellaneous Durable Goods............................ 20599 20444 19664 422 Nondurable Goods..................................... 117766 116886 113084 4221 Paper and Paper Products............................... 6258 6207 6048 4222 Drugs and Druggists' Sundries.......................... 30635 30948 28357 4223 Apparel, Piece Goods, and Notions...................... 11735 12015 12476 4224 Groceries and Related Products......................... 22348 22557 22513 4225 Farm Product Raw Materials............................. 11436 9823 9274 4226 Chemicals and Allied Products.......................... 5913 5945 6024 4227 Petroleum and Petroleum Products....................... 4698 4743 4185 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7550 7544 7254 4229 Miscellaneous Nondurable Goods......................... 17193 17104 16953 Inventories/Sales Ratios, Total...................... 1.18 1.20 1.23 421 Durable Goods....................................... 1.47 1.49 1.56 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.38 1.35 1.42 4212 Furniture and Home Furnishings......................... 1.44 1.43 1.48 4213 Lumber & Other Construction Materials.................. 0.89 0.90 1.08 4214 Professional and Commercial Equipment and Supplies..... 1.15 1.17 1.13 42143 Computer & Computer Peripheral Equipment and Software. 0.80 0.81 0.79 4215 Metals and Minerals, ex. Petroleum..................... 1.76 1.76 1.77 4216 Electrical Goods....................................... 1.19 1.26 1.39 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.86 1.84 1.88 4218 Machinery, Equipment and Supplies...................... 2.25 2.25 2.46 4219 Miscellaneous Durable Goods............................ 1.41 1.47 1.42 422 Nondurable Goods..................................... 0.91 0.93 0.94 4221 Paper and Paper Products............................... 1.00 1.01 0.98 4222 Drugs and Druggists' Sundries.......................... 1.34 1.39 1.44 4223 Apparel, Piece Goods, and Notions...................... 1.67 1.69 1.74 4224 Groceries and Related Products......................... 0.62 0.62 0.64 4225 Farm Product Raw Materials............................. 0.95 0.93 0.93 4226 Chemicals and Allied Products.......................... 1.10 1.11 1.16 4227 Petroleum and Petroleum Products....................... 0.25 0.26 0.24 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.01 1.05 1.08 4229 Miscellaneous Nondurable Goods......................... 1.28 1.29 1.25 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-JANUARY 2003. (r) REVISED. Note: Estimates have not been adjusted for price changes. Information on confidentiality protection, sampling error, nonsampling error, sample design, and definitions may be found at http://www/census.gov/svsd/www/mwtsreliability.html.
TABLE 2A. PERCENT CHANGES IN SALES AND INVENTORIES OF MERCHANT WHOLESALERS ADJUSTED(1) INVENTORIES, SALES END-OF-MONTH (AT COST) NAICS Kind of business code Oct Sep Oct Oct Sep Oct 2003 2003 2003 2003 2003 2003 from from from from from from Sep Aug Oct Sep Aug Oct 2003 2003 2002 2003 2003 2002 TOTAL.............................................. 2.0 1.0 6.6 0.5 0.3 1.9 421 Durable Goods....................................... 1.8 2.3 6.3 0.4 0.2 0.4 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 0.5 1.2 4.6 2.7 -0.4 2.0 4212 Furniture and Home Furnishings......................... -0.1 0.3 8.1 0.8 -0.3 5.7 4213 Lumber & Other Construction Materials.................. 1.8 5.3 25.6 1.6 0.7 4.1 4214 Professional and Commercial Equipment and Supplies..... 1.0 2.6 1.2 -0.1 -0.1 3.6 42143 Computer & Computer Peripheral Equipment and Software. 2.4 5.8 -2.5 1.1 -1.3 -0.9 4215 Metals and Minerals, ex. Petroleum..................... 0.5 1.8 -1.6 0.1 0.5 -2.3 4216 Electrical Goods....................................... 4.8 2.5 10.7 -0.9 0.8 -4.7 4217 Hardware, Plumbing and Heating Equipment and Supplies.. -0.6 1.8 3.9 0.6 0.2 2.4 4218 Machinery, Equipment and Supplies...................... -0.1 -0.3 7.0 -0.4 -0.5 -2.3 4219 Miscellaneous Durable Goods............................ 5.4 6.1 5.4 0.8 2.0 4.8 422 Nondurable Goods..................................... 2.2 0.0 6.8 0.8 0.5 4.1 4221 Paper and Paper Products............................... 2.0 4.1 1.7 0.8 -0.4 3.5 4222 Drugs and Druggists' Sundries.......................... 2.5 -1.1 16.3 -1.0 -1.5 8.0 4223 Apparel, Piece Goods, and Notions...................... -0.9 2.3 -2.0 -2.3 -1.6 -5.9 4224 Groceries and Related Products......................... -0.5 0.3 2.8 -0.9 1.5 -0.7 4225 Farm Product Raw Materials............................. 14.5 4.9 20.2 16.4 4.1 23.3 4226 Chemicals and Allied Products.......................... 0.2 1.5 3.5 -0.5 0.4 -1.8 4227 Petroleum and Petroleum Products....................... 1.4 -1.9 6.9 -0.9 2.3 12.3 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 4.6 -2.8 11.4 0.1 0.9 4.1 4229 Miscellaneous Nondurable Goods......................... 1.7 -2.3 -0.7 0.5 2.4 1.4 (1) ADJUSTED FOR SEASONAL VARIATIONS AND, IN THE CASE OF SALES, ALSO TRADING-DAY DIFFERENCES.
TABLE 1B. UNADJUSTED ESTIMATED MONTHLY SALES, INVENTORIES, AND INVENTORIES/SALES RATIOS OF MERCHANT WHOLESALERS: 2003 AND 2002 (Total sales and inventory estimates are shown in millions of dollars. Estimates are based on data from the Monthly Wholesale Trade Survey, Annual Wholesale Trade Survey, and administrative records. Except for NAICS code 4225, estimates have been adjusted using results of the most recent economic census.) 2003 2003 2002 2003 2002 NAICS Kind of business Oct(p) Sep(r) Oct(r) CUM CUM code Sales, Total....................................... 264305 247867 248546 2400275 2290135 421 Durable Goods....................................... 127373 121331 120106 1140327 1122459 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 19367 17820 18586 179996 176407 4212 Furniture and Home Furnishings......................... 4173 4019 3879 37080 36084 4213 Lumber & Other Construction Materials.................. 9307 8699 7378 76147 68698 4214 Professional and Commercial Equipment and Supplies..... 22187 22910 22095 207401 205280 42143 Computer & Computer Peripheral Equipment and Software. 10022 10456 10344 92810 96309 4215 Metals and Minerals, ex. Petroleum..................... 8123 7724 8257 74691 76437 4216 Electrical Goods....................................... 20948 19306 18934 178223 175531 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 6095 5827 5882 55971 56204 4218 Machinery, Equipment and Supplies...................... 20764 20603 19477 193225 189151 4219 Miscellaneous Durable Goods............................ 16409 14423 15618 137593 138667 422 Nondurable Goods..................................... 136932 126536 128440 1259948 1167676 4221 Paper and Paper Products............................... 6772 6392 6661 61651 61532 4222 Drugs and Druggists' Sundries.......................... 24275 22855 21045 215758 192378 4223 Apparel, Piece Goods, and Notions...................... 8065 7778 8360 71507 76852 4224 Groceries and Related Products......................... 37262 35891 36330 356924 342312 4225 Farm Product Raw Materials............................. 13634 9932 11579 101342 89509 4226 Chemicals and Allied Products.......................... 5665 5393 5487 54172 52069 4227 Petroleum and Petroleum Products....................... 19691 18122 17979 191572 149412 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 7981 6958 7184 70687 66268 4229 Miscellaneous Nondurable Goods......................... 13587 13215 13815 136335 137344 Inventories, Total.................................. 294515 287125 288730 421 Durable Goods....................................... 173061 172146 172378 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 25532 23985 24983 4212 Furniture and Home Furnishings......................... 5536 5575 5244 4213 Lumber & Other Construction Materials.................. 7215 7232 6923 4214 Professional and Commercial Equipment and Supplies..... 24476 24287 23665 42143 Computer & Computer Peripheral Equipment and Software. 7603 7399 7696 4215 Metals and Minerals, ex. Petroleum..................... 13043 13180 13349 4216 Electrical Goods....................................... 22730 23147 23834 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 10132 10244 9902 4218 Machinery, Equipment and Supplies...................... 43427 43950 44499 4219 Miscellaneous Durable Goods............................ 20970 20546 19979 422 Nondurable Goods..................................... 121454 114979 116352 4221 Paper and Paper Products............................... 6283 6108 6078 4222 Drugs and Druggists' Sundries.......................... 30911 30546 28697 4223 Apparel, Piece Goods, and Notions...................... 11747 12484 12488 4224 Groceries and Related Products......................... 23153 22670 23323 4225 Farm Product Raw Materials............................. 13334 8114 10795 4226 Chemicals and Allied Products.......................... 5807 5880 5916 4227 Petroleum and Petroleum Products....................... 4787 4919 4248 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 8033 7718 7718 4229 Miscellaneous Nondurable Goods......................... 17399 16540 17089 Inventories/Sales Ratios, Total...................... 1.11 1.16 1.16 421 Durable Goods....................................... 1.36 1.42 1.44 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 1.32 1.35 1.34 4212 Furniture and Home Furnishings......................... 1.33 1.39 1.35 4213 Lumber & Other Construction Materials.................. 0.78 0.83 0.94 4214 Professional and Commercial Equipment and Supplies..... 1.10 1.06 1.07 42143 Computer & Computer Peripheral Equipment and Software. 0.76 0.71 0.74 4215 Metals and Minerals, ex. Petroleum..................... 1.61 1.71 1.62 4216 Electrical Goods....................................... 1.09 1.20 1.26 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 1.66 1.76 1.68 4218 Machinery, Equipment and Supplies...................... 2.09 2.13 2.28 4219 Miscellaneous Durable Goods............................ 1.28 1.42 1.28 422 Nondurable Goods..................................... 0.89 0.91 0.91 4221 Paper and Paper Products............................... 0.93 0.96 0.91 4222 Drugs and Druggists' Sundries.......................... 1.27 1.34 1.36 4223 Apparel, Piece Goods, and Notions...................... 1.46 1.61 1.49 4224 Groceries and Related Products......................... 0.62 0.63 0.64 4225 Farm Product Raw Materials............................. 0.98 0.82 0.93 4226 Chemicals and Allied Products.......................... 1.03 1.09 1.08 4227 Petroleum and Petroleum Products....................... 0.24 0.27 0.24 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 1.01 1.11 1.07 4229 Miscellaneous Nondurable Goods......................... 1.28 1.25 1.24 (p) PRELIMINARY ESTIMATE. SEE SAMPLE DESIGN AND ESTIMATION PROCEDURES IN ANNUAL BENCHMARK REPORT FOR WHOLESALE TRADE: JANUARY 1992-JANUARY 2003. (r) REVISED. Note: Estimates have not been adjusted for price changes. Information on confidentiality protection, sampling error, nonsampling error, sample design, and definitions may be found at http://www/census.gov/svsd/www/mwtsreliability.html.
TABLE 2B. PERCENT CHANGES IN SALES AND INVENTORIES OF MERCHANT WHOLESALERS UNADJUSTED INVENTORIES, SALES END-OF-MONTH (AT COST) NAICS Kind of business code 10 Months Oct Sep Oct 2003 Oct Sep Oct 2003 2003 2003 from 2003 2003 2003 from from from 10 from from from Sep Aug Oct Months Sep Aug Oct 2003 2003 2002 2002 2003 2003 2002 TOTAL.............................................. 6.6 4.0 6.3 4.8 2.6 0.9 2.0 421 Durable Goods....................................... 5.0 7.3 6.1 1.6 0.5 -0.2 0.4 4211 Motor Vehicle and Motor Vehicle Parts and Supplies..... 8.7 -0.6 4.2 2.0 6.4 1.8 2.2 4212 Furniture and Home Furnishings......................... 3.8 4.1 7.6 2.8 -0.7 -0.7 5.6 4213 Lumber & Other Construction Materials.................. 7.0 5.6 26.1 10.8 -0.2 -0.2 4.2 4214 Professional and Commercial Equipment and Supplies..... -3.2 16.5 0.4 1.0 0.8 -0.5 3.4 42143 Computer & Computer Peripheral Equipment and Software. -4.2 20.9 -3.1 -3.6 2.8 -3.3 -1.2 4215 Metals and Minerals, ex. Petroleum..................... 5.2 2.0 -1.6 -2.3 -1.0 0.6 -2.3 4216 Electrical Goods....................................... 8.5 9.0 10.6 1.5 -1.8 0.8 -4.6 4217 Hardware, Plumbing and Heating Equipment and Supplies.. 4.6 3.8 3.6 -0.4 -1.1 -1.1 2.3 4218 Machinery, Equipment and Supplies...................... 0.8 5.6 6.6 2.2 -1.2 -2.3 -2.4 4219 Miscellaneous Durable Goods............................ 13.8 11.2 5.1 -0.8 2.1 1.4 5.0 422 Nondurable Goods..................................... 8.2 1.1 6.6 7.9 5.6 2.6 4.4 4221 Paper and Paper Products............................... 5.9 6.6 1.7 0.2 2.9 -0.9 3.4 4222 Drugs and Druggists' Sundries.......................... 6.2 7.4 15.3 12.2 1.2 2.6 7.7 4223 Apparel, Piece Goods, and Notions...................... 3.7 4.8 -3.5 -7.0 -5.9 -2.5 -5.9 4224 Groceries and Related Products......................... 3.8 -0.1 2.6 4.3 2.1 2.7 -0.7 4225 Farm Product Raw Materials............................. 37.3 12.3 17.7 13.2 64.3 10.2 23.5 4226 Chemicals and Allied Products.......................... 5.0 2.4 3.2 4.0 -1.2 0.0 -1.8 4227 Petroleum and Petroleum Products....................... 8.7 -6.9 9.5 28.2 -2.7 6.1 12.7 4228 Beer, Wine, and Distilled Alcoholic Beverages.......... 14.7 -8.7 11.1 6.7 4.1 4.8 4.1 4229 Miscellaneous Nondurable Goods......................... 2.8 -1.3 -1.7 -0.7 5.2 3.2 1.8
Monthly Wholesale Trade for November is scheduled to be released January 8, 2004 at 10:00 a.m. Address inquiries concerning this report to Service Sector Statistics Division, U.S. Census Bureau, Washington, DC 20233, or call Nancy Piesto, (301) 763-2747.
This report is available on day of issue through the Department of Commerce's STAT-USA website; for information, call (202) 482-1986.
Source: U.S.
Census Bureau
E-mail questions
to: Monthly
Wholesale Trade Survey
Last Revised: December 9, 2003
